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Imcyse

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Specific immunotherapies for severe autoimmune diseases

Liège, BelgiumFounded 2011Biotech & Life Sciences
Valuation $50–100M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Imcyse

Imcyse S.A. is a clinical-stage biopharmaceutical company focused on developing a new class of active and specific immunotherapies for severe autoimmune diseases. The company was founded in 2010 as a spin-off from the Catholic University of Leuven (KU Leuven) in Belgium and is headquartered in Liège. The company's core technology platform, Imotopes™, is designed to halt the progression of autoimmune diseases by specifically targeting and eliminating the immune cells that cause the destruction of organs, without suppressing the patient's entire immune system.

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The Imotope™ platform is based on modified synthetic peptides that stimulate a specific type of T-cell, known as cytolytic CD4+ T-cells. These cells are engineered to identify and destroy the aberrant immune cells responsible for the autoimmune attack. This targeted approach aims to prevent further tissue damage, stop disease progression, and potentially provide a cure while leaving the patient's overall immune defenses intact. The technology is designed to induce a memory response, allowing for long-lasting effects with infrequent dosing.

Imcyse's business model revolves around advancing its pipeline of drug candidates through clinical trials, both independently and through strategic partnerships with major pharmaceutical companies. A key collaboration is with Pfizer for the development and commercialization of an Imotope™ for Rheumatoid Arthritis (RA). Under this agreement, Imcyse received an upfront payment and is eligible for milestone payments and royalties, while Pfizer leads the clinical development and commercialization. The company has raised significant capital through multiple funding rounds to advance its clinical programs. Its Series B financing, led by Life Sciences Partners (LSP), raised €35 million, and a subsequent extension brought in an additional €21.3 million, with Pfizer participating as a new investor.

The company's pipeline includes several programs targeting major autoimmune diseases. Its lead candidate, IMCY-0098, is an insulin-derived Imotope™ for the treatment of early-onset Type 1 Diabetes (T1D). This program is in a Phase 2 clinical trial (IMPACT study) across Europe, the United States, and Australia, with topline results expected in early 2024. The second clinical-stage candidate, IMCY-0141, is based on Myelin Oligodendrocyte Glycoprotein (MOG) and targets Relapsing-Remitting Multiple Sclerosis (RRMS). It is currently in a Phase 1/2 trial. Pre-clinical programs are also underway for conditions such as Neuromyelitis Optica Spectrum Disorder (NMOSD), Celiac Disease, and Rheumatoid Arthritis.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2011
Headquarters
Liège, Belgium
Employees
5
Open positions
None listed
Dealroom signal
62.7/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Medical Research, Research and Development, Antibodies, Autoimmune, Spinout, Biotech and Pharma, Peptides, DT and LS, science-based
Business model
Manufacturing

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Feb 2021 $23M $94M Pfizer · Epimede · SFPIM · EQT Life Sciences —
DEBTDebt Jun 2019 $2.2M — Belfius —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Imcyse website traffic

Latest recorded traffic for Imcyse is 840 monthly website visits, down 30% over the last three months. Imcyse's team declined 28.6% over the past year.

Latest monthly visits840 3-month web change-30% 1-year team growth-28.6%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • WE Venture

Series A8 investors entered at this stage

  • EQT Life Sciences
  • Epimede
  • Wallonie Entreprendre
  • SFPIM
  • Pfizer
  • KU Leuven
  • Noshaq
  • Biogenesis

Series B and later1 investor entered at this stage

  • Belfius
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇧🇪 Belgium100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Imcyse on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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